Sunday – S&P @ 926

Trading the daily. The New Year Rally has taken the futures to some expected price objectives.  Ben’s PTI is signaling “take profit”. 

Monthly – long. did not close the month above the 916 Entry Price.  But have traded thru it.   next objective is 1096.  714 restarts the down move.  divergence at the lows.

Weekly – Long. next price objective 952-961. pressures up, momentum neutral which indicates the move is limited to these next PO’s.  the short cycle ends 2/20. 

Daily – Flat  at the 930 PO. next PO 969.50.  864 starts a retracement to 796.  cycle ends 1/5.  look on the intraday for pull back and new setup to re-enter the long trade.

Sun nite.  862. 

the daily is pulling back inside the weekly uptrend .  the weekly is trying to move the monthly up which has been sitting on median line support for the last two months.

monthly  – remains in downtrend to 722.  922.50 starts a retracement up.  divergence at these lows.

weekly- in uptrend to 946-961.  dominant cycle up til 2/20. short cycle down til 2/20. sounds like congestion.  pressures are up. 740.50 restarts the downtrend.

daily – still in the uptrend to 926/930/969.  pressures are down. 851 starts a pull back to 783.  downward pressures thru 1/5.  Mobility Osc up.  Ben’s PTI giving permission to buy. need 899 to start a new short term  long trade.  go to intraday to find short cycle entry prices.

885. Sunday

monthly –  downtrend. next target is 716.  showing diverence at these lows.  Median line acting as support. 915 close will start a new retracement uptrend.

weekly – retracement up in the downtrend. next price objective is 946-961 area.  740 will restart the downtrend. buying pressures turning up still on the upside of the cycle til 12/26.

daily – retracement down in an uptrend.  next price objective is 926 then 966.  851 is the entry price for a down move, then to 763. we have traded intraday down thru 851 but closed above, so still in uptrade.  selling pressures into cycle end 12/17.

Intraday – long in an uptrend to 905.  buying extended.  22 pts down triggers the short entry price.

899 preopen Monday

Monthly- downtrend in place, 716 next target.  915 will start new uptrend. divergence at the lows.  time pressures up til 3-31-09. buying pressures turning up.

Weekly – upleg in downtrend. next target 946.  time and buying pressure up.  719 restarts the downtrend.

Daily – upleg in uptrend. overnight trading has taken out the dec 1st high and the second price objective.  next target 926-928.  it will take a 50 point drop to restart a downleg.  buying pressure up.  coming into downward time pressures – exit at the next up target.  the cycles end 12-17. mobility oscillator rising.

intraday – flat in uptrend. new upleg at 908. 891 starts a downleg to 876 and 862

858 7:50am

monthly and weekly won’t change.

daily – bias Long.  short entry price of 832 acting as resistance. Long entry price of 852 met, next objective 879.  selling pressures abating into rising momentum up.  look to intraday for a trade.  need 879 to breakout above the pitchfork upper median line, then next target 926.  after the 12/3 CIT, expect upward time pressure til 12/09.

intraday – Nuetral bias.  inside two cycles that range 833 to 873. Have traded thru the 852 long entry price – next objective 892. selling pressure down for the next two hours. The short entry price is 10 pts down with a retracement price objective 832. but shorter cycles hard down: next move should be up – perhaps in the afternoon session.

830 8:30 am

monthly – bias short . next target down is 716. 915 long entry price. 672 is 62% of 2002 -2007 move. selling pressures showing divergence at these lows.

weekly – bias long. resistance at 887. next objective 946-961.  719 new short entry price. buying pressures weak. momentum still negative. time pressures up.

daily – bias short.  short entry price of 832 acting as resistance. next objective 765.  selling pressures pulling back into a rising momentum up.  look to intraday for a trade.  need 879 to breakout on the upside.   Ben’s PTI is extended down = take short profits and stand aside.  CIT on 12/3.

intraday – flat.  813-808 the end of a short trade.  814 short entry to 772. 853 long entry to 892. pressures up.  the 12/1 cycle has ended, expect upward time pressure.

895, Sunday pm

monthly- upside cycle pressures til the spring then down into May 2010.  a 915 close will start the retracement up.

weekly – in a retracement up of the recent downleg. next PO 946-961.  time pressures up til 12/26. 719 restarts the downleg.

daily – 926 target. buying pressures up. time pressures down until 12/1. Ben’s PT signals sell.  828 is the short entry price.

intraday – at an interim price target. 852 is short entry. buying pressures extended.  may cure overnight. still have time pressures down into the 1st.

846 -monday 11 am.  have triggered the short entry at 852.  next price objective 808 with shorter cycle levels in between at 834-829 and 813.  showing some divergence, so tight stops.

835, 10:42 AM

weekly – 885 next PO up.  time pressure up until 12/26.  unmet downside PO @ 764.

daily – have traded thru the earlier entry price, now at 832 PO1 indicating higher.  next upside PO 879.  a trade down thru 772 would start a new downleg.

intraday –  have met the 840 target.  now looking for consolidation or retracement of the day’s move. 794 will start a retracement down.  all pressures remain up, but extended. look to shorter cycles for the trade.